Friday, May 12, 2006

Fed to Firm Policy, Tone Abs

Author: Nick
Category: Money

fed says oink oink

Here’s another gem from this morning’s Washington Post that expresses my feelings exactly regarding all these “rate hikes” introduced by the “Fed.”

Fed: “Some further policy firming may yet be needed.”

Washington Post: “‘Policy firming’? Huh? Who talks like that?”

The Post columnist compares interpreting Fedspeak to figuring out what some Top-40 singers are trying to say in their songs. Here’s my favorite comparison:

“Yesterday, all my troubles seemed so far away/Now it looks as though they’re here to stay” (The Beatles)

…which, when translated into Fedspeak, is really saying…

The committee’s previous forecast of long-term imbalances has shifted due to incoming information.

Check out the rest of the article to find out why Snoop Dogg is really a clever financial analyst in disguise.

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